Silverleafe Capital Partners LLC Sells 980 Shares of Tesla, Inc. $TSLA

Key Points

• Silverleafe Capital Partners LLC has decreased its holdings in Tesla by 40%, selling 980 shares and ending the quarter with a total of 1,469 shares valued at approximately $467,000.
• Several institutional investors have increased their stakes in Tesla, with Goldman Sachs boosting its holdings by 322.1% during the first quarter.
• Analysts' ratings for Tesla show a mix, with one strong buy, seventeen buy, fourteen hold, and nine sell ratings, resulting in an average price target of $303.00.

Silverleafe Capital Partners LLC lessened its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 40.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,469 shares of the electric vehicle producer's stock after selling 980 shares during the quarter. Silverleafe Capital Partners LLC's holdings in Tesla were worth $467,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Tesla by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock valued at $63,983,418,000 after buying an additional 3,694,524 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Tesla by 322.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock valued at $6,891,201,000 after buying an additional 20,291,139 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Tesla by 0.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,536,519 shares of the electric vehicle producer's stock valued at $9,908,828,000 after buying an additional 158,697 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Tesla by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,174,941 shares of the electric vehicle producer's stock valued at $4,710,218,000 after buying an additional 849,091 shares in the last quarter. Finally, Amundi lifted its holdings in Tesla by 29.4% during the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock valued at $4,482,789,000 after buying an additional 3,814,610 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TSLA shares. Daiwa Capital Markets reiterated a "neutral" rating on shares of Tesla in a report on Sunday, July 27th. HSBC reiterated a "reduce" rating and set a $120.00 price objective on shares of Tesla in a report on Thursday, July 3rd. Guggenheim reiterated a "sell" rating and set a $175.00 price objective on shares of Tesla in a report on Wednesday, July 23rd. Argus reissued a "hold" rating on shares of Tesla in a research report on Monday, June 9th. Finally, Stifel Nicolaus set a $440.00 target price on shares of Tesla in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $303.00.

Insider Transactions at Tesla

In related news, Director James R. Murdoch sold 120,000 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the completion of the sale, the director owned 697,031 shares of the company's stock, valued at approximately $244,162,988.99. This represents a 14.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the transaction, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. The trade was a 29.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,606 shares of company stock valued at $51,999,662 over the last 90 days. 20.70% of the stock is currently owned by corporate insiders.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $395.94 on Monday. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 12 month low of $212.11 and a 12 month high of $488.54. The company has a 50 day simple moving average of $328.89 and a two-hundred day simple moving average of $303.72. The stock has a market cap of $1.28 trillion, a price-to-earnings ratio of 228.87, a PEG ratio of 13.81 and a beta of 2.06.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business's revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. As a group, analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

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